We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedPeople Management

Administrator cuts 330 jobs at Comet

All 236 stores continue to trade as normal

Article comments

Deloitte, the administrator of Comet announced 330 staff redundancies at the beleaguered electronics retailer on Monday.

Giving details, joint administrators Neville Kahn, Nick Edwards and Chris Farrington, of Deloitte said, 99 job cuts are to be made at Comet’s head office and support centres in Rickmansworth, with another 53 in Hull and 42 at a call centre in Clevedon.

Employees who have been made redundant will be receiving full wages earned during the administration. Deloitte will also provide assistance in claiming payments from the government's Redundancy Payments Office.

In the interim there have been no redundancies at Comet distribution centres or 236 retail outlets, which continue to trade as normal. Deloitte has clarified that no further redundancies are planned and staff will continue to be paid.

Neville Kahn of Deloitte said, "We remain extremely grateful to the staff and management for their continued loyalty and support at what is clearly a very difficult time. We are in discussions with a number of parties who have expressed interest in parts of the business and we continue to work hard to preserve jobs," he added.

"An in-store sale across all stores commenced yesterday and will continue through the coming weeks. We are pleased with the response so far, as the discounts have helped generate record levels of sales," Kahn said.

Comet was forced into administration earlier this month after private equity firm OpCapita failed to turnaround mounting losses at the retailer.


Recommended Articles


Administrator cuts 330 jobs at Comet
People Management

Personal branding - A headhunter's perspective

Personal branding - A headhunter's perspective

'If you don't have honesty and integrity you will get found out'more ..

Aviva goes 'digital first' with new CDO appointment

Andrew Brem's chief digital officer appointment comes two months after Phil Pavitt left insurer to take up Global CIO role at Specsaversmore ..

Microsoft's former boss Steve Ballmer steps down

The former CEO cited a busy schedule, particularly involving his LA Clippers basketball team, for his resignationmore ..

Unemployment rate hits 6-year low

But wage growth plunges to 0.2% on a year agomore ..

The benefits of being a non-executive

Look for a non-executive when appointing peersmore ..

If you are still thinking about flexible working, it's too late

OPINION: Tips from an experienced chief security officer on how best to enable flexible workingmore ..

Send to a friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

In Depth
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..


* *